| Product Code: ETC7912858 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The import shipments of heterogeneous catalysts to Latvia in 2024 saw a slight decrease in concentration compared to the previous year, with top exporting countries being Turkey, China, Finland, India, and Germany. The high Herfindahl-Hirschman Index (HHI) in 2023 indicates a concentrated market, which remained high in 2024. The compound annual growth rate (CAGR) from 2020 to 2024 was -21.56%, showing a declining trend, while the growth rate from 2023 to 2024 saw a significant decrease of -65.92%, suggesting a challenging market environment for heterogeneous catalyst imports in Latvia.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Latvia Heterogeneous Catalyst Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Heterogeneous Catalyst Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Heterogeneous Catalyst Market - Industry Life Cycle |
3.4 Latvia Heterogeneous Catalyst Market - Porter's Five Forces |
3.5 Latvia Heterogeneous Catalyst Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Latvia Heterogeneous Catalyst Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Heterogeneous Catalyst Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for environmentally friendly catalysts due to stringent regulations on emissions in Latvia |
4.2.2 Growth in the chemical and petrochemical industries in Latvia |
4.2.3 Rising investments in research and development for innovative catalyst technologies |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials used in catalyst production |
4.3.2 Intense competition from alternative catalyst technologies |
4.3.3 Economic uncertainties impacting investments in new catalyst projects |
5 Latvia Heterogeneous Catalyst Market Trends |
6 Latvia Heterogeneous Catalyst Market, By Types |
6.1 Latvia Heterogeneous Catalyst Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Latvia Heterogeneous Catalyst Market Revenues & Volume, By Product, 2021- 2031F |
6.1.3 Latvia Heterogeneous Catalyst Market Revenues & Volume, By Metal-Based, 2021- 2031F |
6.1.4 Latvia Heterogeneous Catalyst Market Revenues & Volume, By Chemical-Based, 2021- 2031F |
6.1.5 Latvia Heterogeneous Catalyst Market Revenues & Volume, By Zeolites-Based, 2021- 2031F |
6.2 Latvia Heterogeneous Catalyst Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Heterogeneous Catalyst Market Revenues & Volume, By Petroleum Refining, 2021- 2031F |
6.2.3 Latvia Heterogeneous Catalyst Market Revenues & Volume, By Chemical Synthesis, 2021- 2031F |
6.2.4 Latvia Heterogeneous Catalyst Market Revenues & Volume, By Polymer, 2021- 2031F |
7 Latvia Heterogeneous Catalyst Market Import-Export Trade Statistics |
7.1 Latvia Heterogeneous Catalyst Market Export to Major Countries |
7.2 Latvia Heterogeneous Catalyst Market Imports from Major Countries |
8 Latvia Heterogeneous Catalyst Market Key Performance Indicators |
8.1 Research and development expenditure dedicated to catalyst innovation |
8.2 Number of patents filed for new catalyst technologies |
8.3 Percentage of catalysts meeting or exceeding environmental regulations in Latvia |
9 Latvia Heterogeneous Catalyst Market - Opportunity Assessment |
9.1 Latvia Heterogeneous Catalyst Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Latvia Heterogeneous Catalyst Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Heterogeneous Catalyst Market - Competitive Landscape |
10.1 Latvia Heterogeneous Catalyst Market Revenue Share, By Companies, 2024 |
10.2 Latvia Heterogeneous Catalyst Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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